Private Resale Non-Landed Prices Increase 1.0% in January; Volume Goes Up by 15.1% | ON TRACK
Forgot your password?

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at


Achieve the life you want, in the home you love
Property Data13 Feb 2018

Private Resale Non-Landed Prices Increase 1.0% in January; Volume Goes Up by 15.1%

1. Non-landed Private Residential Resale Prices increased 1.0% in January 2018. Non-landed Private Residential Resale prices increased 1.0% in January 2018 compared to December 2017. In all individual sectors – CCR, RCR and OCR recorded a price increase of 1.2%, 1.4% and 0.6% respectively.



According to the SRX Non-Landed Private Residential Price Index:

  •  Year-on-year, prices in January 2018 increased by 6.3% from January 2017. In individual sectors, CCR, RCR and OCR recorded a year-on-year price increase of 5.6%, 9.7% and 4.4% respectively.
  •  January 2018 prices were down by 1.2% from the peak in January 2014.
  •  Price change was revised from 0.4% to 0.3% in December 2017.
  •  CCR and RCR continue to reach new highs.

 2. Resale volume increases by 15.1%. According to Non-Landed Private Residential Resale data compiled by SRX Property, an estimated 1,097 Non-landed Private Residential units were resold in January 2018. This is a 15.1% increase compared to 953 units resold in December 2017.


  •  Year-on-year, resale volume in January 2018 was 99.8% higher compared to 549 units resold in January 2017;

 3. Overall median Transaction Over X-Value (TOX) is POSITIVE $16,500 in January 2018. The median T-O-X for Non-Landed Private Residential measures whether people are overpaying or underpaying the SRX Property X-Value estimated market value.


  •  The median T-O-X in January 2018 is POSITIVE $16,500. It is a $4,500 increase comparing to POSITIVE $12,000 T-O-X in December 2017.

4. District 9 posts highest median T-O-X. For districts with more than 10 resale transactions in January 2018, District 9 (Orchard / River Valley) posted the highest median T-O-X at POSITIVE $77,000.


This means that a majority of the buyers in those districts purchased units above the computer-generated market value.

5. Among relatively active districts, District 27 posts the most negative median T-O-X. District 27 (Sembawang / Yishun) posted a T-O-X of NEGATIVE $9,000.

This means that a majority of the buyers in these districts purchased units below the computer-generated market value.


Like this article? Share it.
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
Property Data 14 February
Non-Landed Private Rents increase by 0.5%, HDB Rents decrease by 0.2% in January 2018
Signs of recovery in Non-Landed Private rental market, while HDB rental market remains weak in January 2018
Property Data 13 February
Private Resale Non-Landed Prices Increase 1.0% in January; Volume Goes Up by 15.1%
Private Resale Non-Landed Prices continue the rising the trend in 2018 January
Property Data 08 February
HDB Resale Prices drop by 0.5%; Volume slumps by 31.4 %
HDB Resale Prices on downward trend in January 2018

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.